Launch Sequence Overview
Shogun Protocol's Launch Sequence consists of the following process. Each process is designed boostrap necessary pieces of the protocol.
Lockdrop is a week long event, where the users commit to lock their MESH tokens to Shogun Protocol for the duration they choose, in return of SHO token rewards. More MESH tokens you lock & longer you lock it, greater SHO rewards you may receive. 50% of the committed MESH tokens will be used to mint shoMESH, and paired with the remaining MESH tokens to mint shoMESH-MESH MESHSwap LP tokens. Users will receive shoMESH-MESH LP tokens once the lock period matures. Users will be entitled to claim rewards applicable to the LP token (MESH or SHO) even during the lock period. SHO tokens from the Lockdrop will be released on a vesting schedule that will last 5 months.
Mint is a Price Discovery mechanism and public token sales method for whomever may be interested to acquire SHO token at genesis. Mint is also a week long event, where the users commit $USDC in exchange for SHO. The price of SHO tokens will be decided by the community's participation utilized as the initial price reference of SHO at the Token Generation Event (TGE). SHO tokens from Shogun Mint will be fully released at TGE.
Token Generation Event Version Launch
Once the SHO-USDC Liquidity Pool is made on MESHSwap, SHO tokens from Shogun Mint will be redeemable. At TGE, SHO-USDC LP Farming will be available, wherein users will be incentivized to provide liquidity in return for SHO rewards.
Shogun Protocol's Version 1 will include shoMESH converter, LP farming, Voting for MESH Emission, SHO, and xSHO staking.
shoMESH Farm is a year long event, where the users may stake shoMESH to receive SHO rewards. Users may unstake at anytime. Users may receive more rewards if they also have vxSHO.
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